Why it matters: Trump left a base tax of 10% in place across the world, in addition to duties on some industries, but raised the tariff on China to 125%.
The bottom line: Trump has hinted that more tariffs are coming, but for now he's granted at least a partial, temporary reprieve to dozens of trading partners who were set to absorb the 11-50% taxes he announced last week.
More than 75 countries are getting at least a partial reprieve from the 11-50% tariffs that Trump announced last week. Table: Axios Visuals